Investment Management & Fund Operators

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The Fantastic Company AG says its unit Sicara files for insolvency

Thursday, 23 Oct 2014 05:43pm EDT

The Fantastic Company AG:Says its 100 pct owned subsidiary Sicara Fashion Accessories SAS filed for insolvency after Board of Directors of parent company had decided not to provide any further funding to cover losses.

PSL Ltd updates on bankruptcy of subsidiary

Thursday, 11 Sep 2014 03:26am EDT

PSL Ltd:Refers to company's two subsidiaries namely PSL USA INC and PSL North America LLC which have filed Chapter 11 proceeding before the bankruptcy Court of district of Delaware USA.Says the sale of the aforesaid subsidiaries of the company through bankruptcy proceeding is complete.

Corona Equity Partner AG subsidiary files for insolvency in self-administration

Tuesday, 8 Jul 2014 04:26am EDT

Corona Equity Partner AG:Says subsidiary Leuchten Manufactur seit 1862 i. SA. Gmbh files for insolvency in self-administration.Says insolvency of this subsidiary has no impact on operations of Corona Equity Partner AG and its other subsidiaries.

PSL Ltd's subsidiaries files Chapter 11 proceedings in relevant Courts in USA

Wednesday, 2 Jul 2014 12:56am EDT

PSL Ltd:Says that in view of continuous losses in following two overseas subsidiaries of the company the said subsidiaries have filed Chapter 11 proceedings in the relevant Courts in USA.PSL USA INC: wholly owned subsidiary of the company.PSL North America LLC: subsidiary and joint venture of the company.

Technoplus Ventures Ltd's Portfolio Organization Yitran's Activities Legally Frozen; Technoplus To Buy Yitran

Sunday, 27 Oct 2013 09:48am EDT

Technoplus Ventures Ltd (Technoplus) announced that an organization in the Company's portfolio, Yitran Communications Ltd (Yitran), filed motion with Beer Sheva District Court to issue fiat freezing Yitran's activities. The Court issued fiat freezing Yitran activities until November 20, 2013, in order to facilitate the purchase of Yitran via Technoplus trustees. Currently, Technoplus ownes 50% of Yitran's assets.

Deltaq A/S' Spinning Jewelry a/s Files for Bankruptcy; Deltaq Lowers FY 2012 Turnover Guidance and Maintains FY 2013 EBITDA Outlook

Thursday, 23 May 2013 04:03am EDT

Deltaq A/S announced that the Company's portfolio company, Spinning Jewelry a/s, has filed for bankruptcy. The decision had been taken due to, among others, the company's financial results which were negative in the period from 2010 to 2012. Deltaq also announced that the Company is lowering its fiscal year 2013 turnover guidance from an expected result in a level of DKK 450 million to a level of DKK 350 million. EBITDA guidance for the fiscal year 2013 stays unchanged at DKK 10 million.

Carlyle Group LP's Synagro Seeks Bankruptcy Sale To Swedish Firm-Reuters

Wednesday, 24 Apr 2013 03:18pm EDT

Reuters reported that Carlyle Group LP's Synagro Technologies Inc filed for Chapter 11 bankruptcy protection on April 25, 2013 with a plan to sell the business to a Swedish private equity firm for $455 million. Carlyle's infrastructure fund had borrowed heavily to take Synagro private in 2007 in a $772 million deal. Carlyle declined to comment. Synagro, based in Houston, said in a statement it anticipates the sale will be completed in 60 to 90 days.

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Provider: Edison Investment Research
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